About Karatage
Karatage is a venture capital firm founded in 2017. It is primarily based out of London, United Kingdom. As of May 2026, Karatage is an active investor, having invested in 22 companies, with 5 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Blockchain Technology to High Tech and FinTech. Most recently it participated in the $***** Series B round of Nof1 Overall, Karatage portfolio has seen 1 unicorn, namely Talos. A lot of funds co-invest with Karatage, with names like Amber Group sharing a substantial percentage of its portfolio. Karatage has team of 5 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Unicorns
Portfolio Soonicorns
Karatage's List of Top Investments
Karatage has a portfolio of 22 companies, one of which is a Unicorn. Their most notable investments are in Enhanced and Akedo.Their portfolio spans across United States, Switzerland, Brazil and 8 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 8 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Karatage:1. Raise
Online marketplace offering gift cards for cash. It allows users to sell gift cards from different brand and restaurant to get cash back. The user chooses the selling price and the gift card is featured on its for consumers to buy.
Key facts about Raise
- Founded Year: 2011
- Location: Chicago (United States)
- Stage: Series D
- Total Funding till date: $220M
- Employee Count: 83 as on Jun 30, 2026
- Investors: Accel, Bessemer Venture Partners and 26 Others
- Latest Funding Round: Series D, Feb 26, 2025, $*****
- Highlight: Editors' Pick
2. Talos
Provider of an institutional digital assets platform for trading, managing, and accessing crypto markets. It says its platform unifies OMS/OEMS, portfolio management, and data across the full investment lifecycle, and connects institutions to venues like exchanges, OTC desks, prime brokers, and custodians.
Key facts about Talos
- Founded Year: 2018
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $190M
- Employee Count: 215 as on Jun 30, 2026
- Investors: Fidelity Investments, Citi and 35 Others
- Latest Funding Round: Series B, Jan 29, 2026, $*****
- Highlight: Editors' Pick
3. BetHog
Provider of an online crypto casino and sports betting platform. The company offers a platform for users to choose and bet various casino gambling activities such as live casinos, slots, and sports betting games.
Key facts about BetHog
- Founded Year: 2024
- Location: Laxia (Cyprus)
- Stage: Series A
- Total Funding till date: $16.4M
- Employee Count: 21 as on Jun 30, 2026
- Investors: Bullpen Capital, Advancit Capital and 7 Others
- Latest Funding Round: Series A, Nov 24, 2025, $*****
- Highlight: Editors' Pick
4. Plasma
Provider of stablecoin platform. It enables access to stablecoins, which are tokens pegged to fiat currencies, offering permissionless access to leading currencies like the US dollar.
Key facts about Plasma
- Founded Year: 2024
- Location: Milan (Italy)
- Stage: Series A
- Total Funding till date: $24M
- Employee Count: 57 as on May 31, 2026
- Investors: Framework Ventures, Anthos Capital and 6 Others
- Latest Funding Round: Series A, Feb 13, 2025, $*****
5. Shuffle
Online platforms providing casino games using cryptocurrency. Users can place bets on various crypto casino and betting games by providing location, user details, payment details, and more. The platform offers lobby games, slot games, live casinos, and table games.
Key facts about Shuffle
- Founded Year: 2023
- Location: Willemstad (Curacao)
- Stage: Seed
- Total Funding till date: $2.5M
- Employee Count: 33 as on Jun 30, 2026
- Investors: Parc Capital, Baboon and 7 Others
- Latest Funding Round: Seed, Feb 25, 2024, $*****
- Highlight: Editors' Pick
Karatage's Year-on-Year Investment Trends
Karatage has invested in 22 companies over the last 3 years, with an average of 7 new investments annually in the last 3 years. In 2025, it made 5 investments, while as of May 2026, it has made 5 investments in this year. Its most recent first time investment was in Nof1.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 0 | 5 |
2025 | 5 | 0 | 5 |
2024 | 9 | 0 | 9 |
2023 | 3 | 0 | 3 |
Karatage's Investments by Stage
Karatage has made 12 investments in Seed stage with an average round size of $5.09M, 6 investments in Series A stage with an average round size of $9.3M, 3 investments in Series B stage with an average round size of $30M and 1 investment in Series D stage with an average round size of $63M.Stage of entry | No. of Investments |
|---|---|
Seed | 12 |
Series A | 6 |
Series B | 3 |
Series D | 1 |
Note: We have considered here, only first round of investments
Karatage's Investments by Sector
Karatage has a diverse portfolio, with companies operating in the Blockchain Technology, High Tech, Blockchain - Industry Applications, Enterprise Applications and FinTech. Notably, it has invested in 18 Tech companies, 14 Blockchain companies, 11 Consumer (B2C) companies and at least 9 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain Technology | 12 |
High Tech | 10 |
Blockchain - Industry Applications | 9 |
Enterprise Applications | 6 |
FinTech | 6 |
Others | 16 |
Note: We have considered here, only first round of investments
Karatage's Investments by Geography
Karatage has made most investments in United States (7), followed by Switzerland where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 7 |
Switzerland | 2 |
Brazil | 1 |
Canada | 1 |
China | 1 |
Others | 7 |
Note: We have considered here, only first round of investments
Karatage's recent investments
Karatage has made 5 investments in 2026 so far. Nof1 and KAIO are the latest among them.Here are the most recent investments by Karatage:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 18, 2026 | United States | Series B | 6923 | - | |
Apr 20, 2026 | United Arab Emirates | Series A | 5922 | [+6] | |
Feb 23, 2026 | United States | Series A | 6133 | [+2] | |
Jan 29, 2026 | United States | Series B | 5092 | [+6] | |
Jan 18, 2026 | Switzerland | Seed | 5104 | [+8] |
Unicorns in Karatage's Portfolio
Karatage has 1 unicorn in its portfolio - Talos. The most recent unicorn in their portfolio is Talos which became a unicorn in 2022, 3 years before Karatage first invested in it.Here is a list of unicorns in Karatage's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | Provider of an institutional digital assets platform for trading, managing, and accessing crypto markets | 2018 | New York City | Series B | hgunuyi |
Team profile of Karatage
Karatage has a team of 5 members including 4 Partners and 1 Principal located in United Kingdom, United Arab Emirates and 1 more location. Karatage's team does not sit on the board of any company as of now.Here is a list of all team members in Karatage:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | United Arab Emirates | - | ||
Partner | United Kingdom | - | ||
Partner | Isle Of Man | - | - | |
Partner | United Kingdom | - | ||
Principal | United Kingdom | - | - |
Co-investors of Karatage
Over the past 3 years, 199 investors have co-invested in Karatage's portfolio companies. This includes funds and angels.
- Invested before Karatage: Beacon, Bessemer Venture Partners and 45 others have invested in rounds before Karatage. There are 2 companies where Beacon has invested before Karatage and 1 company where Bessemer Venture Partners has invested before Karatage.
- Top Co-investors of Karatage: 135 investors entered a company along with Karatage. These include investors like Amber Group (3 companies).
- Invested after Karatage: A total of 17 investors have invested in Karatage's portfolio after their investments. Top Investors include RockawayX (1 company), Phoenix Capital Ventures (1 company) and Framework Ventures (1 company).
Recent News related to Karatage
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Epic Markets Raises $10M Pre-seed Funding for Institutional-Grade Brokerage PlatformThe SaaS News•Jul 23, 2026•Karatage
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Based Raises $11.5 Million Series A Led by PanteraThe Daily Hodl•Feb 23, 2026•Karatage, Wintermute, Pantera, Coinbase and 4 others
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Talos Raises $45M Series B Extension Backed by a16zVentureburn•Jan 30, 2026•Karatage, BNY, Fidelity Investments, Andreessen Horowitz and 4 others
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Talos Raises $45M Series B Extension Backed by Robinhood, Bringing Total Funding to $150MCryptoNews•Jan 29, 2026•Talos, Robinhood, IMC Business, Karatage and 10 others
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AKEDO Raises $5 Million Seed Round to Build an AI-Native Content Creation EngineTechFinancials•Jan 18, 2026•Karatage, Ton Ventures, TOP, Gagra Ventures and 6 others
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Mill City Ventures Announces $450 Million Private Placement for Sui Treasury StrategyBusiness Wire•Jul 28, 2025•Mill City Ventures, Karatage, Paper Ventures, Comma3 Ventures and 15 others
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TON Foundation Secures $400 Million Investment to Expand Blockchain EcosystemBitcoin Ethereum News•Mar 21, 2025•TON, TON, Sequoia Capital, Ribbit Capital and 10 others
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Walrus Protocol Announces Mainnet Launch Date, Airdrop And $140 Million Private InvestmentCrypto Economy•Mar 20, 2025•Walrusprotocol, a16zcrypto, Electric Capital, Creditcoin and 10 others
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Blockchain firm Raise secures $63M to revolutionize payments and loyalty with gift cards.Global Fintech Series•Feb 26, 2025•Raise, Haun Ventures, Amber Group, Anagram and 16 others
